Need More Time to File? Here are 5 Things to Know!

April 11, 2014 by Stephanie Potash

Five Things to Know if You Need More Time to File

Uh oh! Did April 15 creep up on you quicker than you imagined. With some delayed forms, procrastination, and overall busy-ness of the season you may have found yourself in a time crunch! If you need more time to file your tax returns, you can get an automatic six-month extension from the IRS but there are very important things you need to know about filing an extension.

1. There is still a deadline! You must file for an extension by April 15th – You must either e-file your request for the extension using IRS Free File (available on IRS.gov) by midnight on April 15, or mail Form 4868 to the IRS by April 15. This form can be found on IRS.gov as well.

2. Anyone can request an extension – Anyone is eligible for requesting an extension.

3. You still have to pay up by April 15th! – Extra time to file does not mean extra time to pay! You may request an extension of time to file your federal tax return to get an extra six months to file, until Oct. 15. The extension will give you an extra six months to get your tax return to the IRS. It does not extend the time you have to pay any taxes you may owe. If you do not pay taxes owed by April 15th you will owe interest and may also owe a penalty for failing to pay on time.

4. If you complete your return but you can’t pay the full amount due, do not request an extension – File your return on time and pay as much as you can. You should pay the balance as soon as possible to minimize penalty and interest charges. You can also apply for a payment plan using the Online Payment Agreement tool on IRS.gov or you can send Form 9465, Installment Agreement Request, with your return. If you are unable to make payments because of a financial hardship, the IRS will work with you. Call the IRS at 800-829-1040 to discuss your options.

5. Electronic funds withdrawal. If you e-file an extension request, you can also pay any balance due by authorizing an electronic funds withdrawal from a checking or savings account. To do this you will need your bank routing and account numbers.

For more information please contact us at 248 952 0200.

Testimonials

“Many years of accurate, thorough, prompt service regardless of which employee or department.”

— President, Manufacturing. Gordon Client for over 30 years. —

“Always there for our family and our business. 100% trust from all partners. Service could not be better. ”

— CFO, Retail. Gordon Client for 18 years. —

“Easy to work with - professional and friendly!”

— Individual, Trust Accounting. Gordon Client for 7 years. —

“Excellent service and excellent advice.”

— Individual. Gordon Client for 11 years. —

“Friendly, trustworthy, knowledgeable, quality work, at a reasonable price. ”

— Individual. Gordon Client for 15 years. —

“I & our companies have worked with Gordon Advisors for many years and they have always been high quality.”

— Owner, Restaurant. Gordon Client for over 30 years. —

“We have been with your company for many years and still have a very good relationship. We are always given the best advice and receive total co-operation. ”

— Trust. Gordon Client for 8 years. —

“Gordon Advisor has always gone the extra step addressing my needs, answer my questions and making me feel special. Even though I'm not their biggest customer. ”

— Individual. Gordon Client for 17 years. —

“We have been working with Gordon Advisors for 20+ years. Wonderful people. ”

— Controller, Manufacturing. Gordon Client for 22 years. —

“As we are a charity, I would recommend their services to other charities as they are familiar with the needs of a charity. ”

— Executive Director, Not-For-Profit. Gordon Client for 14 years. —

“The staff are all highly capable, friendly and accessible. Gordon Advisors are a great resource to our organization and have always treated myself, the staff and my Board of Directors with the utmost respect. ”

— Executive Director, Not-For-Profit. Gordon Client for 12 years. —

“Excellent relationship with Gordon Advisors for the past 34 years. They do our yearly audit and are professional, caring and efficient. We are extremely happy with the work done for us, and the board votes every year to keep them as our auditors. ”

— Executive Director, Not-For-Profit. Gordon Client for over 30 years. —

“Over 20 years of service. They are friendly and professional. We've never been disappointed. ”

— CEO, Construction. Gordon Client for 20 years. —

“We always receive good service and value. A great friendship and understanding has been developed over the years. ”

— CFO, Manufacturing. Gordon Client for 18 years. —

“They have been very helpful and responsive, and have always met our needs. ”

— Manager, Hospitality. Gordon Client for 7 years. —

“The service provided is consistently delivered on a timely basis with value.”

— CFO, Medical Device Manufacturing. Gordon Client for 14 years. —